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Employers’ Preference on Employability Skills of Business Management and Accounting Graduates Image
Journal article

Employers’ Preference on Employability Skills of Business Management and Accounting Graduates

Mismatch between the graduates skills and attributes with the industry needs has been a challenge for colleges and universities. Thus Higher education institutions (HEIs) constantly review the curricula to respond to the relevant human resource needs. This study assessed the employability skills preference of the 65 public and private organizations. The employability skills assessed were analytical, technology, communication, interpersonal, problem-solving and management skills, as well as formal accounting qualification, leadership, capacity for innovation and organization and commercial awareness. The results showed that the skills more preferred by the employers are leadership, communication and interpersonal skills. Conversely, the least preferred by the employers were found to be formal accounting qualification, technology skills and capacity for innovation. The study also established that there are differences on preferences by types of business in terms of communication and interpersonal skills. Future studies could address the different factors affecting the acquisition of each employability skill.
The Effect of Structural Change on Labor Productivity Growth and Employment in the Philippines Image
Journal article

The Effect of Structural Change on Labor Productivity Growth and Employment in the Philippines

Philippines is considered one of the fastest developing economies because of the growing service sector. This growth brought a significant change in the economic structure of the country which previously relied on the agricultural sector. This paper conducted a study about the significant impact of structural change on labor productivity growth and employment. The paper localized the decomposition analysis used in literatures to extract the share of “within” sector and “structural change” to total changes in labor productivity in the Philippines from 2004-2018, and Applied Pooled Least Square, to obtain the impact of structural change to labor productivity growth and employment. Based on Durbin-Watson test results, both Panel Regression Equation and Seemingly Unrelated Equation were utilized because there is no contemporaneous autocorrelation found in Pooled Least Square. Using Breusch-Pagan LM Test, Panel Regression is deemed more appropriate than Seemingly Unrelated Regression. Furthermore, the decomposition analysis showed that higher share of service sector in employment makes the contribution of “structural change” lesser to labor productivity growth due to labor market that becomes less flexible as service sector dominates the labor market because of higher skillsets needed by the sector. The regression analysis showed that structural change is a significant determinant of employment and labor productivity; structural change has a positive relationship to labor productivity due to the transfer of labor to high-productivity sector; and structural change has a negative relationship to employment because the employment brought by the structural change cannot be absorbed by the labor force because of skills mismatch.
Preference and Constraints on Outdoor Recreational Activities: Insights from Hospitality Management Students Image
Journal article

Preference and Constraints on Outdoor Recreational Activities: Insights from Hospitality Management Students

The Effects of COVID\u002D19 Pandemic on Small and Medium Enterprises Image
The Effects of COVID\u002D19 Pandemic on Small and Medium Enterprises Image
Journal article

The Effects of COVID-19 Pandemic on Small and Medium Enterprises

Employers’ Feedback on Job Performance of Hotel and Restaurant Management Graduates Image
Employers’ Feedback on Job Performance of Hotel and Restaurant Management Graduates Image
Journal article

Employers’ Feedback on Job Performance of Hotel and Restaurant Management Graduates

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Relationship of Succession Practices to Successful Leadership Transition Image
Journal article

Relationship of Succession Practices to Successful Leadership Transition

The study measures how the level of implementation of the top ten succession practices according to literature affect the perceived level of successful leadership transition of selected multigenerational Filipino family businesses and whether their organization profile has a significant moderating influence on the relationship of the two variables. The study surveyed a sample size of 71 respondents, each belonging to their own family business, and interviewed 10 among the respondents in order to gain a deeper understanding on the results. The results suggested that there is a strong positive correlation between the level of implementation of succession practices and the perceived level of successful leadership transition of the selected multigenerational Filipino family businesses regardless of their organization profile. It was found that family businesses highly implemented succession practices relating to communication, but the definition of the responsibilities of the predecessor after transition and measuring the performance of the leadership position were least implemented. The incorporation of the vision of the company in the succession plan in such a way that decisions were made with the company vision in mind was also found to be the most positively significant factor that affected the perceived level of successful leadership transition.
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